India's state-level fiscal rules have improved headline deficits, but the gains are fragile and uneven with major states still grappling with high debt levels, a World Bank report submitted to the 16th Finance Commission (FC) said. According to the report, despite nearly two decades of adoption of fiscal responsibility laws (FRLs), debt levels have not converged.
The World Bank on Tuesday raised India's growth forecast for the current fiscal to 6.5 per cent from 6.3 per cent estimated earlier, and said the country is expected to remain fastest-growing major economy, underpinned by continued strength in consumption growth.
Jan Suraaj Spokesperson and one of the key architects of the Party, Pavan Verma, levelled serious allegations that funds from the World Bank meant for some other project were diverted for the Bihar Assembly elections by the central government and distributed to women voters in the state.
'There is a challenge in repositioning yourself, maybe reinventing yourself.'
Australia's title bid will be tested by injuries and Asian conditions at the T20 World Cup.
India's extreme poverty rate declined sharply to 5.3 per cent over a decade from 27.1 per cent in 2011-12 even as the World Bank revised upwards its threshold poverty line to $3 per day.
Canada and the UAE, after suffering heavy losses in their opening matches, are set to compete in a crucial Group D clash of the T20 World Cup. Both teams are aiming to improve their performance and keep their hopes alive in the tournament.
A look at some of the major controversies in past World Cups.
Form and familiarity favour India in T20 World Cup
Sri Lanka didn't have the best of preparations for the T20 showpiece as they were whitewashed 0-3 by England in a home T20 series. Ireland will be led by veteran Paul Stirling and feature key players like Harry Tector and Josh Little.
Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.
Namibia skipper Gerhard Erasmus credits Gary Kirsten's mentorship for providing tactical sharpness and fostering personal connections within the team, enhancing their competitiveness during the T20 World Cup.
India would bank on its swashbuckling batting line-up when it takes on a gritty England in what promises to be an evenly-matched final of the ICC Under-19 World Cup.
The eight players who featured in India's World Cup triumph in 2024 will aim to repeat their magic from two years ago.
In a world fractured by uncertainty, India stands out for its policy consistency, paired with sustained ambition, points out Pritam Banerjee.
New Zealand's Mark Chapman believes their frequent matches against Pakistan will give them an edge in their T20 World Cup Super 8s match. He also discussed adapting to the slower Sri Lankan pitches and Mitchell Santner's fitness.
India will oppose the World Bank funding to Pakistan next month, arguing that Islamabad has used such funds in the past to procure arms and ammunitions. India previously lobbied against the IMF extending a USD 2.3 billion assistance to Pakistan earlier this month, presenting evidence of Pakistan's misuse of funds for military purposes. India feels that Pakistan has failed to act on terror emanating from its territory and has been diverting funds from multilateral agencies to buy arms and ammunition.
'The real question is how best to leverage technology to deliver better services, all the way to the last mile, where we still haven't been able to get across the financial literacy that can enable us to unlock the potential of the entire country.'
The Indian economy is likely to grow at 7.4 per cent in 2025-26, up from 6.5 per cent in the previous fiscal, mainly on account of better performance of manufacturing and services sectors, as per the government data released on Wednesday.
Finance Minister Nirmala Sitharaman on Thursday said the country needs big and world-class banks, and discussions are on with the Reserve Bank and lenders in this regard.
The recent correction suggests that while precious metals hedge geopolitical tension and inflation, they are not immune to sharp short-term corrections and profit-booking.
The business value of the league, popularly called the IPL, surged to a record $18.5 billion last year, U.S.-based investment bank Houlihan Lokey says.
The World Bank on Wednesday lowered India's growth forecast for the current fiscal by 4 percentage points to 6.3 per cent amid global economic weakness and policy uncertainty. In its previous estimate, the World Bank had projected India's growth at 6.7 per cent for the fiscal year 2025-26.
French President Emmanuel Macron announced that India and France will collaborate to develop an artificial intelligence framework that combines innovation with responsibility and technology with humanity, addressing the need for inclusive digital tools amid rising geopolitical tensions.
India and Pakistan clash in a highly anticipated T20 World Cup match. India needs middle-order stability and a fit Abhishek Sharma, while Pakistan's spin attack poses a threat. The weather forecast predicts a high chance of rain.
'When I asked for an amicable separation, I was told that my professional background & achievements were irrelevant & was advised to take up work as a cleaner or in a supermarket in the small village where we lived in Austria, simply to retain the joint custody of my children.'
Gold imports climbed 349.22 per cent to $12.07 billion in January, while silver imports rose 127 per cent to $2 billion.
We can't leave a question in exam because it is out of syllabus: SKY on Pak spinner Usman Tariq
In this rivalry, numbers fade and national pride takes centre stage.
There are sacred sites dedicated to fertility and blessings. Couples journey miles to offer prayers, strange symbols, or even carved idols. Join us as we explore the world's fertility temples.
Addressing an event after launching the service, Shah said the rival ride-hailing platforms have reduced commission and are offering many other incentives, including free rides to customers, seeing the success of Bharat Taxi during the pilot operation.
The "huge mountain of debt" in developed economies and the risk of a possible unravelling is a matter of concern for India, Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology Ashwini Vaishnaw said on Wednesday, pointing to the recent spike in Japanese bond yields.
From the Sensex firms, Tata Steel tanked the most by 4.57 per cent. ICICI Bank, Power Grid, HCL Tech, Tech Mahindra, Infosys and Kotak Mahindra Bank were also among the laggards. Mahindra & Mahindra, State Bank of India, ITC and Bharat Electronics were among the gainers.
India was among the countries not present in Davos when US President Donald Trump unveiled his "Board of Peace" that seeks to work towards bringing lasting peace to Gaza and possibly resolve global conflicts. India is yet to take a call on it, people familiar with the matter said when asked about Trump's invite to PM Modi.
'This Budget has a one-year agenda, which you can call the sprint, and the marathon is towards Viksit Bharat.'
This single amendment, unfortunately, overshadows much of the Budget's promise, explains Harsh Roongta.
'For those in for the long haul, this is a God-given opportunity.' 'Your market is falling despite strong fundamentals, and such a clear roadmap has been announced.'
Trump's 'Board of Peace' is being projected by Washington, DC as a new international body to usher in peace and stability in Gaza and beyond, triggering speculation that it could throw a challenge to the United Nations.
India is yet to take a call on United States President Donald Trump's invitation to be part of the 'Board of Peace' that will work towards bringing lasting peace to Gaza and possibly resolve global conflicts, people familiar with the matter said on Wednesday.
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